Escondido Mixed Use Development Opportunity

Highlights:

• - 46,090 SF building with 21 units
• - Zoned Mixed Use for versatile development
• - Potential for high rental demand
• - Central location with easy access to major highways.

Description:

Presenting an extraordinary investment opportunity in Escondido – a 46,090 SF building comprising 21 units, perfectly zoned for Mixed Use development. With the potential for high rental demand and the added allure of a mixed-use development opportunity, this property offers a uniquely versatile investment prospect. Its central location ensures effortless access to major highways, while also enjoying proximity to key employers. This property embodies an exceptional combination of size, zoning, and potential rental demand, presenting a compelling option for investors seeking to tap into the dynamic Escondido market.

The proposed 21-unit mixed-use apartment development will be (4) stories of new construction with a single level of Type IA construction at grade with (3) levels of Type VA construction above, situated on an approximate 20,000 SF lot currently occupied by single-level businesses and at-grade parking. The ground level will include commercial spaces, building utility spaces, and a residential lobby and exterior courtyard serving the residential units at Levels 2-4 above. The site is located at the northwest corner of the intersection of South Escondido Boulevard and West 9th Avenue and will provide (28) total at-grade parking spaces for residential use underneath the building. These spaces will be accessed from South Escondido Boulevard with a secondary exit located into the alley to the north. The proposed development fronts South Escondido Boulevard and West 9th Avenue with proposed dedicated plaza/café areas for future commercial use and a small residential entry plaza providing connectivity via the residential lobby to the private interior courtyard. Parking for commercial use is located on the opposite side of West 9th Avenue per a previous parking agreement executed by the property owner.

Discover Escondido, the thriving hub of San Diego's North County. This dynamic city offers a mix of urban conveniences and natural beauty, making it an ideal location for a multifamily or high-rise development. Here are some key points of interest:

- California Center for the Arts: A vibrant cultural center featuring performances, art exhibitions, and educational programs.
- San Diego Zoo Safari Park: A world-renowned wildlife sanctuary offering a unique safari experience and conservation efforts.
- Beautiful Wineries: Enjoy the scenic vineyards and award-winning wines of the local wineries.
- Excellent Schools: Escondido is home to top-rated schools, making it an attractive location for families.
- Easy Access: Convenient access to major highways.

Don't miss this prime opportunity to invest in the vibrant and growing community of Escondido.

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